My client has RCM liablility for FY 2017-18 as per mentioned in balance sheet. the same has been shown in GSTR-9 but while making payment through DRC 03, it has been adjusted through balance in the credit ledger and paid interest amount through cash ledger. Either the client requires to make payment of RCM again or not?

Dear Member,

Am working with a manufacturing company, due to some reason we have lost our DSC so can not file the GST return.
Meanwhile please suggest any alternative option to secure late fees Rs 50 each above turnover 5cr.

Regard:
D Nariyal.

Dear Expert,

Exempted outward suppliers last date of filing GSTR-1

Can you please advise the penalty of filing after due date

Expert ?

If a company is incorporated on 31/10/2018 and file its Return of Income within due date, then whether Interest u/s 234B & 234C of the Income-tax Act, 1961 is required to be calculated only for 5 months or from the beginning of the Financial year.i.e from 01/04/2018.

DEAR EXPERTS,

HOW CAN I PUT THE JOURNAL ENTRY FOR EPF LATE FEE.

Hi,

One company(A) had raised an invoice to their client (X) and that client has made payment to his sister concern company (B). So, now how to adjust this payment without transfer to that company(B) ?. Now, I raised the invoice from B company to A company of that amount but now I am facing the issue in TDS. If I have taken this invoice in A company and invoice amount transferred to X company but now I have required to deposit TDS and that TDS amount in debit. Please suggest how to adjust and what to do?

Kindly advise we are manufacturer and we have given outsource for supply of Lunch, dinner to our Employees who are register under the GST act and charging GST @ 5% to us.

On this facility we are collecting some amount from our Employees and balance amount company is making the payment.

Kindly advise this is correct or not and whether we are eligible to take credit on this.

I am working in a private limited company .I want to ask a query for TDS. Is tds applicable for end to end video production + script + pre-production + shoot + post production services .If it is applicable then under which section and at what rate .

Late filing fee is waived off for all returns from July 2017 to September 2018. (i.e GSTR 3B) However this benefit is available to only those filing returns from 22/12/2018 and this waiver is applicable till 31/03/2019.

However,

My Question is whether fee will refunded to those who have already paid late filing fee.

if yes then how i can claim/refund those amount of late fees.

Request you to give me the procedure to file refund .

If a proprietor sells its fixed assets at a profit, Example profit before Capital Gain Rs. 5,50,000 after depreciation.Net Profit after Capital Gain is Rs. 5,55,0000. Capital gain computed as follows; WDV Rs.10,000 Less Assets sold Rs.15,000, Capital Gain Rs.5,000.at the same time Block of assets method no capital gain, Block exist, WDV of the block Rs.20,000 Less 15,000, this block include two more items. Tax Computed as follows Net Profit 5,55,000 Less Capital Gain 5,000 Taxable Income 5,50,000. Profit & Loss A/c and Balance sheet Finalises. My query is how the profit from sale of fixed assets add back in Winman Income tax filing Software Please give answer